Controlling Bitcoin

Simon Black, founder of www.sovereignman.com, wrote as follows on August 3rd, 2016, from Spoleto, Italy

“It was only a matter of time.

In the wake of multiple terror attacks, the European Commission is moving towards creating a mandatory, centralized database of Bitcoin ownership.

Of course, their official reason is that Bitcoin is being used to finance terrorism.

So for everyone’s safety and security they need even more authority to spy on people’s finances.

But the reality is that these governments have hated Bitcoin since the beginning.

They don’t like the idea of a decentralized currency that they can’t control.

In the conventional financial system, governments have the power to regulate the banks and seize any account they want.

They can use their gun-toting police agencies to confiscate citizen’s physical cash… and given the alarming rise of Civil Asset Forfeiture in the Land of the Free, it’s clear they’re not exactly shy about stealing people’s money.

But they can’t do any of that with Bitcoin.

Bitcoin is a decentralized, distributed system. It’s impossible for anyone, or any government, to control it.

But Bitcoin is a way for people to escape these capital controls… which is why it’s such a nightmare for bankrupt governments.

You’d think that intelligent governments would embrace Bitcoin.

You’d think that, rather than fight an obvious technological trend, they would encourage the banks and monetary policymakers to integrate Bitcoin’s concepts into the financial system in order to become more competitive and innovative.

But that’s not what happens.

Bankrupt governments have a permanent scarcity mentality.

Once they enter desperation mode, their only solution is more government, more regulation, more spying, and more control.

It’s literally the exact opposite of what they should be doing.

Now, in response to all of these terrorist attacks, the bureaucrats finally have an excuse to expand their control.

So rather than getting on board with the technology and joining the 21st century, they’re going to expend resources creating a complicated regulatory framework in an attempt to neutralize the Bitcoin threat…”

That’s why I have been investing in Bitcoin for the past approximate two years. In the last approximate 12 months my particular portfolio, being dominated by Bitcoin, showed a return of an amazing 68%! Where else will one find such a return?

Bitcoin I believe is going to evolve into the system of the beast- for now we as Christians can utilize our knowledge of the end times to profit financially from it’s development. But we also know that it will end up in a mark that will become obligatory for all to enable them to do any business, buying or selling. At that stage Christians still on earth (after the rapture) will have to refuse the mark to escape God’s wrath. Simons’s article is an eye-opener into how the EU, which plays an important role in the end-times, wants to control Bitcoin- creating a centralized database of the current decentralized digital monetary unit. Time will confirm that EXACTLY what the Bible predicts (Rev 13:17) WILL come true.